It is necessary to identify the core elements of HRM in order to understand the activities of HRM clearly. The five core elements are:
- People: Organizations mean people who staff and manage Organizations. Organizational performances depend upon the performance of people in the Organization. Specific to retail the people management are more complicated in view of long hours of working ( Though effectively its is 8 Hours, In retail people are expected to be in the store for 10 to 11 hours with 2.5 hours of breaks in between).
- Management: HRM involves application of management functions and principles for acquisitioning, developing, maintaining and remunerating employees in Organizations.
- Integration and Consistency: Decisions related to people must be integrated and consistent, in order to achieve Organizational effectiveness in the long run.
- Influence: Decisions must influence the effectiveness of Organization in providing quality products and services to customers and in achieving Organizational goals.
- Applicability: HRM principles are applicable to business as well as non business Organizations like education, health, recreation, etc.
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